Bitcoin sinks toward $60K, down 50% from peak
Bitcoin fell from about $66K to $62K and lower in a relentless Saturday selloff, now roughly half its October 2025 record close of $124,720. Traders describe a large, price-insensitive seller with almost no bounces.
Confirmed
- Bitcoin fell from about $66K to $62K in a Saturday selloff
- Record close was $124,720 in October 2025; Bitcoin is now roughly half that
Not yet known
- Who is selling and why
- Unconfirmed: who is driving most of the selling
- Whether a head-and-shoulders top means the all-time high is in
- Whether a bounce is forming
What we know
Market news accounts report Bitcoin has lost 50% in 13 months from its record close of $124,720, and BTC dropped to $62K after touching $66K shortly before. Traders describe aggressive, price-insensitive selling, and another trader notes it is happening into thin Saturday books with no bounce. One trader says Coinbase is driving most of the selling, though this is unconfirmed. Others say nobody knows who is selling or why, and one veteran chartist asks whether a head-and-shoulders top signals the all-time high is in. Some traders see a possible bounce forming.
Will Bitcoin dip to $60,000 in November?
Traders' bets on Polymarket, not a forecast by Global Eye 24. Polymarket · $595k traded · updated 09:31 UTC
What people are posting
Posts on X this story draws on. They are individual users' views and have not been verified by Global Eye 24.
“Bitcoin has now lost 50% of its value in just 13 months”
View post →“Genuinely not a single fucking bounce.”
View post →“Is this a legit H&S top in Bitcoin?”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.